Viewpoint: The four-year bull and bear cycle pattern of the Crypto Assets market has ended.

According to a report by Jinse Finance and disclosed by Cointelegraph, the crypto assets market has traditionally followed a seemingly formed four-year bull run and bear market cycle around Bitcoin Halving. However, according to industry analysts and experts, this pattern may be breaking down. Writer and investor Jason Williams posted on X platform on Sunday, stating: "The top 100 Bitcoin reserve companies hold nearly 1 million Bitcoins. This is why the four-year cycle of Bitcoin has come to an end." Matthew Hougan, the Chief Investment Officer of Bitwise Asset Management, expressed a similar view in an article published by CNBC on Friday. Hougan said, "It won't be officially over until we see positive returns in 2026. But I think we will see it, so let's put it this way: I think the four-year cycle is over." This echoes comments he made in July. In the past three market cycles, the price peaks of Bitcoin occurred in the year after the Halving, namely in 2013, 2017, and 2021. According to this pattern, the next peak period should be four years later in 2025.